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Hain Celestial Group Inc - HAIN STOCK NEWS

Welcome to our dedicated page for Hain Celestial Group news (Ticker: HAIN), a resource for investors and traders seeking the latest updates and insights on Hain Celestial Group stock.

The Hain Celestial Group Inc (NASDAQ: HAIN), headquartered in Lake Success, NY, is a prominent player in the natural and organic food and personal care products sectors across North America and Europe. The company’s extensive product portfolio spans various categories, including snacks, beverages, baby food, meal preparation, and personal care. Hain Celestial is home to renowned brands such as Celestial Seasonings®, Terra®, Garden of Eatin’®, Earth’s Best®, and Alba Botanica®. These brands have earned a reputation for promoting healthier living through better-for-you products.

Hain Celestial’s strategic operations are focused on delivering high-quality, organic, and natural products. The company’s significant presence in the U.S. market, accounting for 55% of its fiscal 2022 sales, is complemented by its robust European operations, which contribute 26% of sales. Key international brands include Ella’s Kitchen® baby food, Linda McCartney’s® plant-based meats, and Hartley’s® jams and gelatins.

In recent developments, Hain Celestial has demonstrated commitment to its “Hain Reimagined” strategy, emphasizing growth through focused brand portfolios, operational efficiency, and innovation. Notable achievements include the appointment of Amber Jefferson as Chief People Officer and the sale of its Thinsters® cookie business to streamline operations. On January 4, 2024, the company celebrated its 30th anniversary on NASDAQ, underscoring its long-standing impact in the health and wellness sector.

The company’s financial health is backed by strategic divestitures and operational enhancements aimed at reducing debt and driving growth. Hain Celestial continues to optimize its supply chain and streamline its product offerings to focus on core categories, thereby boosting its market position and profitability.

Hain Celestial's products are widely available across traditional grocery stores, natural food supermarkets, specialty health stores, mass-market retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce platforms. This extensive distribution network ensures accessibility to consumers seeking healthier lifestyle choices.

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The Hain Celestial Group (Nasdaq: HAIN) announces that Board member Celeste A. Clark Ph.D. has been selected to the NACD 2023 NACD Directorship 100, honoring influential directors and governance leaders. This recognition highlights Clark's leadership and contributions to the company as an outstanding board member. The NACD Directorship 100 honors excellence in the boardroom through innovation, courage, and integrity, evaluating board members across key categories such as integrity, mature confidence, informed judgment, and high-performance standards. Hain Celestial Group CEO Wendy Davidson congratulates Clark on her well-deserved recognition and highlights the importance of a strong board for the company's success.
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Hain Celestial Group delivered Q1 results in line with expectations, reporting net sales of $425.0 million, a 3.3% decrease compared to the prior year period. Adjusted EBITDA was $24.1 million, a 33% decrease from the prior year period. The company reaffirmed its fiscal 2024 outlook with organic net sales expected to grow 2% to 4% versus the prior year, and adjusted EBITDA to be between $155 million and $165 million.
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Hain Celestial Group to release financial results for fiscal first quarter 2024
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Hain Celestial Group unveils new corporate identity and logo as part of its Hain Reimagined strategy for sustainable growth.
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Hain Celestial Group unveils Hain Reimagined strategy to drive growth and achieve savings. Expects annualized savings of $130-150 million by FY27. Plans to focus on BFY Snacks, BFY Baby & Kids, and BFY Beverages for growth. Expects organic net sales CAGR of 3%+, adjusted EBITDA CAGR of 10%+, and adjusted EBITDA margin of 12%+ by FY27. Announces formal restructuring program with estimated savings of $130-150 million and one-time costs of $115-125 million. Webcast available on company's website.
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Hain Celestial Group to host Investor Day on September 13, 2023
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Hain Celestial Group announces Lee Boyce as new CFO, effective September 5, 2023. Boyce brings over 30 years of finance leadership experience. Hain to unveil new business growth strategy at Investor Day event on September 13, 2023.
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Hain Celestial Group reports Q4 and FY 2023 results near high end of expectations, provides fiscal 2024 outlook. Net sales decreased 2.0% in Q4 and 5.0% in FY 2023. Adjusted gross profit margin increased in both periods. Net loss in Q4 was $18.7 million, while adjusted net income was $10.0 million. CFO transition announced. Fiscal 2024 guidance expects low single-digit organic net sales growth.
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Hain Celestial Group appoints Neil Campbell to its Board of Directors, Mark Schiller and Dean Hollis will not be standing for re-election. Hain Reimagined growth strategy to be unveiled on September 13.
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Celestial Seasonings announces the grand reopening of its campus to visitors and the resumption of its popular Tea Tour. The newly designed facility offers a multi-sensory experience with an art gallery, Tea Bar, factory view, and more. The Tea Tour is expected to attract over 140,000 visitors annually. Celestial Seasonings is America's first herbal tea company and the #1 herbal tea brand. They are known for their custom art boxes and environmentally-friendly tea bags.
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FAQ

What is the current stock price of Hain Celestial Group (HAIN)?

The current stock price of Hain Celestial Group (HAIN) is $6.42 as of December 20, 2024.

What is the market cap of Hain Celestial Group (HAIN)?

The market cap of Hain Celestial Group (HAIN) is approximately 583.6M.

What does The Hain Celestial Group Inc specialize in?

The Hain Celestial Group Inc specializes in natural and organic food and personal care products, serving North America and Europe.

What are some of Hain Celestial's notable brands?

Notable brands include Celestial Seasonings®, Terra®, Garden of Eatin’®, Earth’s Best®, and Alba Botanica®.

Where can I find Hain Celestial products?

Hain Celestial products are available in grocery stores, natural food supermarkets, specialty health stores, mass retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce sites.

What recent strategic initiatives has Hain Celestial undertaken?

Recent initiatives include the “Hain Reimagined” strategy focusing on growth, operational efficiency, and brand portfolio optimization. The company also sold its Thinsters® cookie business to streamline operations.

Who is the new Chief People Officer of Hain Celestial?

Amber Jefferson has been appointed as the new Chief People Officer, effective January 1, 2024.

What is the significance of Hain Celestial's 30th anniversary on NASDAQ?

The 30th anniversary on NASDAQ signifies Hain Celestial's long-standing impact and leadership in the health and wellness sector.

How is Hain Celestial enhancing its financial position?

The company is enhancing its financial position through strategic divestitures, operational efficiency, and focused brand portfolios, which help reduce debt and drive growth.

What is the ‘Hain Reimagined’ strategy?

The ‘Hain Reimagined’ strategy is a multi-year transformation plan focusing on growth through core brand portfolios, operational efficiency, innovation, and leveraging synergies across key markets.

Which markets contribute significantly to Hain Celestial's sales?

The U.S. market contributes 55% of fiscal 2022 sales, while European markets contribute 26%.

How does Hain Celestial support healthier living?

Hain Celestial supports healthier living by offering natural and organic products across various categories, ensuring accessibility through a wide distribution network.

Hain Celestial Group Inc

Nasdaq:HAIN

HAIN Rankings

HAIN Stock Data

583.56M
89.34M
0.95%
104.62%
5.23%
Packaged Foods
Food and Kindred Products
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